COLUMBIA, Md., April 26, 2012 /PRNewswire/ -- MICROS
Systems, Inc. (NASDAQ: MCRS), a leading provider of information
technology solutions for the hospitality and retail industries, is
pleased to announce that it has signed an agreement to acquire the
outstanding stock of Torex Retail Holdings, Ltd. from its private
equity owners. The purchase price is approximately
114.5 million Pounds in cash and the assumption of debt valued at
48.0 million Pounds. Torex Retail Holdings, Ltd.,
headquartered in Dunstable, England, is a provider of information
technology systems for the retail, fuel and convenience stores and
pub markets in the United Kingdom
and Continental Europe. The deal is expected to close in a timely
fashion, subject to customary government approvals.
Tom Giannopoulos, MICROS's
Chairman and CEO stated, "We are excited about our agreement to
purchase Torex Retail Holdings, Ltd. This acquisition is an
important step forward for MICROS to fully launch its retail
technology business in the United
Kingdom and Continental Europe. Torex has a broad customer
base and product and service portfolio. We look forward to
welcoming the Torex employees and customers to MICROS."
About MICROS Systems, Inc.
MICROS Systems, Inc. provides enterprise applications for
the hospitality and retail industries worldwide. Over 330,000
MICROS systems are currently installed in table and quick service
restaurants, hotels, motels, casinos, leisure and entertainment,
and retail operations in more than 180 countries, and on all seven
continents. In addition, MICROS provides property management
systems, central reservation and customer information solutions
under the brand MICROS-Fidelio for more than 26,000 hotels
worldwide, as well as point-of-sale, loss prevention, and
cross-channel functionality through its MICROS-Retail division for
more than 100,000 retail stores worldwide. MICROS stock is traded
through NASDAQ under the symbol MCRS.
The MICROS logo is a registered trademark of MICROS Systems,
Inc.
All other product and brand names are the property of their
respective owners.
Contact:
Peter J. Rogers, Jr.
Executive Vice President, Investor Relations
443-285-8059
progers@micros.com
SOURCE MICROS Systems, Inc.